Mtechtips MCX-SX USDINR INTRADAY trading analysis 27-06-2016

Mtechtips MCX-SX USDINR INTRADAY trading analysis 27-06-2016
MTECHTIPS Dollar/rupee finally breached the strong resistance 67.90 and tested 68.2550 before closing at 68.00 levels as dollar index strengthen more than 2.79% after results from the United Kingdom’s referendum on its European Union membership has showed that the country had voted to leave the trading bloc which created clutter for GBP, EUR and Japanese yen also.Technically, a short term consolidation breakout was not noted on weekly chart which is indicating for bullishness in USD-INR, any dip towards 68.00-67.90 is expect to attract short term buying activities. On the downside, support is seen at 67.60 and pair would need to trade below this level in order to test 67.25-67.00 again.



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